10 Best Cybersecurity Stocks to Invest in Under $20

8. Allot Ltd. (NASDAQ:ALLT)

Share Price: $6.01

Number of Hedge Fund Holders: 12

Based in Israel, Allot Ltd. (NASDAQ:ALLT) is a multinational provider of network intelligence and cybersecurity solutions. The company provides advanced network management tools and security-as-a-service (SECaaS) to governments, businesses, and telecom carriers globally. Allot helps shield millions of users from ransomware, phishing, and malware assaults with its single Allot Secure platform. Over the last six months, Allot’s stock has increased by 68.65%, indicating rising investor confidence.

After a $53 million loss in 2023, Allot Ltd. (NASDAQ:ALLT) reported $92.2 million in revenue at the end of fiscal 2024 and achieved a spectacular return to profitability with a non-GAAP net income of $1.6 million. Its annual recurring revenue (ARR) increased by 43% to $18.2 million, while its cybersecurity as a service (CSaaS) division witnessed a 56% increase in revenue year-over-year.

On April 22, 2025, Allot Ltd. (NASDAQ:ALLT) announced the introduction of its OffNetSecure product, marking a significant milestone for the company. This device turns a long-standing security blind spot into a business opportunity for service providers by providing cyber protection to telecom consumers even when they connect outside of their primary networks. OffNetSecure increases user adoption rates by integrating with current telecom apps in a seamless manner without requiring upgrades or downloads from users.

With the recent signing of significant contracts with Verizon Business and Vodafone UK, Allot Ltd. (NASDAQ:ALLT) strengthened its position and increased its presence among top telecom providers. Allot is one of the best cybersecurity stocks under $20 for investors looking to gain exposure to this rapidly expanding industry because of its creative solutions and solid telco relationships, which are in line with the growing demand for complete mobile security on a global scale.